Tweet
TendersInfo - Project Notices
July 29, 2011 Friday
Armenia: ACBA Credit Agricole Bank - Syndicated Loan
Country: Armenia
Project number: 38950
Business sector: Lending to Banks
Public/Private: Private
Environmental category: FI
Board date: 30 Sept 2008
Status: Signed
PSD disclosed: 8 Aug 2008
Project Cost: Up to US$ 50 million.
The EBRD is considering a senior loan to ACBA-Credit Agricole Bank for
on-lending to micro, small and medium-sized enterprises (MSMEs). The
loan, which is expected to be syndicated, will assist the bank to
expand its lending activities to farmers and private sector Armenian
entrepreneurs, particularly outside of the capital.
The loan will increase supply of medium-term funding and will allow an
increasing number of farmers and MSMEs to have access to bank
financing. By supporting one of the leading local banks, EBRD will add
to the overall lending capability of the banking sector in Armenia and
will provide strong demonstration effect to other Armenian banks.
Senior loan of up to US$ 50 million, of which EBRD will retain up to
US$ 25 million and will seek to syndicate up to US$ 25 million.
The loan will be split between MSE and SME facilities in a ratio of 7 to 3.
As part of the Armenia Microlending Programme, Institution building
technical assistance has been previously provided to ACBA-Credit
Agricole through donor funds provided by USAID and the multi-donor
Early Transition Countries multi-donor fund.
The bank has also benefited from technical assistance for Medium-Sized
Co-financing Facility funded by the multi-donor Early Transition
Countries multi-donor fund.
For consultant opportunities for projects financed by technical
cooperation funds, visit procurement of consultants.
From: A. Papazian
July 29, 2011 Friday
Armenia: ACBA Credit Agricole Bank - Syndicated Loan
Country: Armenia
Project number: 38950
Business sector: Lending to Banks
Public/Private: Private
Environmental category: FI
Board date: 30 Sept 2008
Status: Signed
PSD disclosed: 8 Aug 2008
Project Cost: Up to US$ 50 million.
The EBRD is considering a senior loan to ACBA-Credit Agricole Bank for
on-lending to micro, small and medium-sized enterprises (MSMEs). The
loan, which is expected to be syndicated, will assist the bank to
expand its lending activities to farmers and private sector Armenian
entrepreneurs, particularly outside of the capital.
The loan will increase supply of medium-term funding and will allow an
increasing number of farmers and MSMEs to have access to bank
financing. By supporting one of the leading local banks, EBRD will add
to the overall lending capability of the banking sector in Armenia and
will provide strong demonstration effect to other Armenian banks.
Senior loan of up to US$ 50 million, of which EBRD will retain up to
US$ 25 million and will seek to syndicate up to US$ 25 million.
The loan will be split between MSE and SME facilities in a ratio of 7 to 3.
As part of the Armenia Microlending Programme, Institution building
technical assistance has been previously provided to ACBA-Credit
Agricole through donor funds provided by USAID and the multi-donor
Early Transition Countries multi-donor fund.
The bank has also benefited from technical assistance for Medium-Sized
Co-financing Facility funded by the multi-donor Early Transition
Countries multi-donor fund.
For consultant opportunities for projects financed by technical
cooperation funds, visit procurement of consultants.
From: A. Papazian